How much does a financial advisor cost?

It depends on how they charge. The most common model is about 1 percent of the assets they manage for you each year, so on a five hundred thousand dollar portfolio that's around five thousand dollars annually. Others charge a flat fee of roughly fifteen hundred to three thousand dollars for a financial plan, or two hundred to four hundred dollars an hour. If you want a low-cost option, robo-advisors run around 0.25 percent a year.